J&J Talc Unit Must Revise Ch. 11 Plan, Insurers Say

By Jennifer Mandato

A group of Johnson & Johnson insurance carriers urged a Texas judge to reject the Chapter 11 plan disclosure statement for the company's Red River Talc unit as unconfirmable, saying J&J "made it clear that it intends to saddle its insurers with responsibility to pay" for the bankruptcy-related claims.

 1 document attached | Read full article » | Save to favorites »